Powergrid InvIT IPO

Powergrid InvIT (Infrastructure Investment Trust) owns, construct, operate, maintain and invest in power transmission assets in India. Powergrid InvIT registered with SEBI as an InvIT on January 7, 2021.

Powergrid InvIT has been given a credit rating of Provisional [ICRA] AAA (Stable), CARE AAA (Is); Stable and Provisional CCR AAA/Stable by ICRA Limited, CARE Ratings Limited, and CRISIL Ratings Limited, respectively.

Powergrid InvIT's sponsor is Power Grid Corporation of India Limited (PGCIL). PGCIL is the largest power transmission company in India. PGCIL is engaged in project planning, designing, financing, constructing, operating, and maintaining power transmission projects across India.

Powergrid InvIT's Investment Manager, POWERGRID Unchahar Transmission Limited, a wholly-owned subsidiary of PGCIL. They are responsible for managing the InvIT, the Initial Portfolio Assets as well as undertaking investment decisions relating to its assets.

Powergrid InvIT's Trustee, IDBI Trusteeship Services Limited is SEBI registered debenture trustee. They are responsible for ensuring that its business activities and investment policies comply with the provisions of the InvIT Regulations, and monitoring the activities of our Investment Manager and the Project Manager.

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Issue Details

Powergrid InvIT IPO Issue Opens
ISSUE OPENS
Thursday, April 29, 2021
Powergrid InvIT IPO Issue Closes
ISSUE CLOSES
Monday, May 03, 2021
Powergrid InvIT IPO Issue Price
ISSUE PRICE
Rs 99 - Rs 100 Per Equity Share.
Powergrid InvIT IPO Bid Lot
BID LOT
1100 Equity shares & multiple of 1100 Equity shares thereafter.
Powergrid InvIT IPO IPO SIze
IPO SIZE
Rs. 7,734.99 Cr

LISTING EXCHANGES
NSE & BSE
Powergrid InvIT IPO Allotment Date
ALLOTMENT DATE
Tentatively Tuesday, May 11, 2021
Powergrid InvIT IPO Ratio
RATIO
Institutional Ratio 75% , Non -Institutional Ratio 25%

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